Most Recent News

NIGERIA UNVEILS AFRICAN DEBIT CARD, (AfriGo), allay fears of international service providers

The Federal Republic of Nigeria has unveiled an African Central Bank – Led National Domestic Card Scheme, AfriGo, to address local financial needs. The governor of the nation’s central Bank,.

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Nigeria: CBN Set To Redesign Naira Notes, Gives Reasons

The Central Bank of Nigeria, CBN’s Governor, Godwin Emefiele, Wednesday declared that the bank would release re-designed naira notes by December 15, 2022. Emefiele said this during a special press.

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Nigeria: CBN Okays $120m Over Trapped Foreign Airlines funds

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele said the bank will release $120 million to settle outstanding trapped funds of International Airlines operating in the country..

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CBN Affirms Sale of Polaris Bank

The Central Bank of Nigeria (CBN) has announced the completion of the sale of Polaris Bank to Strategic Capital Investment Limited (SCIL). CBN’s Director of Corporate Communications, Osita Nwanisobi disclosed.

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Nigeria: FG Tasks CBN, NDIC On Economic Resilience

The Nigerian federal government has called on the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) to promote economic resilience despite economic challenges. The Minister of.

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Nigerian Apex Bank Hikes Interest Rate

The Central Bank of Nigeria, CBN, on Tuesday, raised its benchmark lending rate by 1.5 per cent points to 15.50 per cent, its highest level since 2006 when the rate.

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Nigeria’s Central Bank Raises Interest Rate to 14%

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate (monetary policy rate) to 14% from 13%, being the second.

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CBN, ESI support 1,000 entrepreneurs with soft loans

The Central Bank of Nigeria is collaborating with the Empowerment Support Initiative, a non-governmental organisation, to provide soft loans to about 1,000 entrepreneurs across the country. Beneficiaries are to use.

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CBN Assures Of Stable Exchange Rate

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the apex bank would continue to maintain a stable exchange rate in the country and avoid the.

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Nigeria: CBN Explains Reduction in Foreign Reserves

The recent reduction in the level of the nation’s foreign reserves has nothing to do with on-going political activities, the Central Bank of Nigeria, CBN, has said. Director of Corporate.

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